I am looking for a portable (hand held) backdrop for location head shots that has interchangeable panels, so that I can also use it as a reflector. Ideally I would like a model that has a variety of background colors available, as well as white/silver/gold reflector panels. I haven't been able to find one. Anybody know of such a product?

Getting white, silver, and gold is no problem; lots of those around. I like the Lastolite circular diffuser, with "bottle cap" covers for the reflectors.

I don't see any covers in other colors available for them, but if you or someone you know is handy with a sewing machine it should be easy to make them in any color you want with just a bit of fabric and some elastic cord.

Thanks Brian. I have scoured the web for what would seem like a useful product but it seems that what you get is a reflector, or background and not both in the same unit, unless you like white, black, gold or silver.